Townsquare Capital LLC Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Townsquare Capital LLC grew its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,951 shares of the entertainment giant's stock after purchasing an additional 13,232 shares during the period. Townsquare Capital LLC's holdings in Walt Disney were worth $22,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Norges Bank acquired a new position in Walt Disney in the 4th quarter worth $2,415,427,000. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

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Walt Disney Stock Up 0.4 %

NYSE DIS traded up $0.34 on Tuesday, hitting $85.00. 7,816,812 shares of the company were exchanged, compared to its average volume of 9,989,640. The stock has a fifty day moving average of $101.31 and a 200-day moving average of $104.75. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a market cap of $153.67 billion, a PE ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.44. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DIS shares. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $124.48.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.